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Btcforecast

BTC: The crypto king is back and aiming $70000Since November 9, 2021, the crypto king BTC has lost its ground, maintaining its trendline resistance. But last week, BTC broke and stabilized above the trendline resistance level and finally found its support. How long BTC can rise. Technically it has significant room and scope to go up. BTC has room to test the $70000 price zone in the next couple of months from the current situation and worldwide economic turmoil. From the present price zone, our initial target is $45300. Breaking and stabilizing above $45300, our next target is $52000/52200. We may see some minor corrections from $52000. But if BTC can break above $5200, it will open the door for a $59000/60000 price zone very soon. And final target to the upside is $70000 in the next couple of months. On the other hand, from the current market situation, $40000 is first support, and 2nd support is identifying nearly at $36500 price zone and strong support $30000. I don't think BTC will break below $30000 without any significant reason.
Long
by Gold_Trading_Expert
2
Bitcoin forecast, when to expect the price of BTC - $56500Today, we are continuing our thoughts about the possible Bitcoin price movement. Based on our previous forecast BTCUSDT , we see that the market participants have chosen the positive-negative scenario. Reaching the upper target at $56500 , according to this fractal, is due in mid-late March 2022. Recall that by mid-Spring 22. The U.S. Federal Reserve announced an interest rate hike. How it can reflect on crypto we can only guess. By the way, write your thoughts about the situation in the comments. Today, we copied the growth fractal of BTCUSD price from March 2020 and adjusted it to the current price movement. The psychology of the market participants' behavior then and now is very clearly repeated, though the situations and the stages of the market are different. So, according to this fractal, the buyers in the coming days should not allow the BTC price to fix lower than $40,000. If this condition will be carried out, according to this fractal, the possible smooth continuation of growth till the middle of May 2022, the target remains unchanged - $56500. And what will the Altcoins do in the meantime? Please, write your opinion in comments We would like to see at least a minimal Alt season, although very few alts have now grown back even to the level where the fall began on January 13-20 this year. However, everything can change after minimal correction on the cryptocurrency market, and can start a good growth in a new wave of upward movement, and you should be ready for it and know where to buy long safely. So let's continue our tradition: write the trading pair you want us to analyze in the comments. We will start in the comments, and you go on! Top 3 trading pairs that will get the most likes or comments will get a decent analysis from us. _______________________________ Since 2016 , we have been analyzing and trading the cryptocurrency market. We transform our knowledge, trading moods and experience into ideas. Each "like under the idea" boosts the level of our happiness by 0.05%. If we help you to be calmer and richer — help us to be happier :)
BITSTAMP:BTCUSD
by P_S_trade
61
Will BTC Break 45K!!?BTC is looking great here we are currently sitting underneath the 0.6 FIB level at 44447$ and we are looking for a potential break to the upside. The good news is that we broke out of the bullish triangle and aswell as the descending channel. A break above 45K is going to be massive achievement in the short term for us and will add some big bullish momentum, aswell as take out a massive resistance level! Now something that is very bullish is the bollinger bands, we had yet another daily close ontop of the top band which can trigger some big momentum and shoot us up, Continuing to close ontop of the top band will increase our chances of seeing that big bull momentum so this is definitely something to watch! Now lets look at the squeeze momentum indicator, we are seeing another increase in our daily green bars and we are currently in the squeeze release portion of this indicator the most explosive part (shown by the black crosses turning white) the thing we are looking for here is the continued increase in green bars each day, if we begin to see these decrease we could be looking at a little downside to come! Not massive downside i should point out, a possible few days, but we will have to see, we must watch aswell for the green bars entering into the red zone below the midline, if we see a bearish squeeze this could lead to more of a significant downside. Now the ADX is looking very positive here, we are coming down off a long downside but we are starting to see a very gradual but healthy reversal it seems like, what we want to see confirm is this downside to keep rounding off into the start of an upside! Will continue to update as we move forward! Not financial advice just my opinion!
BITFINEX:BTCUSDLong
by JacobR905
BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello friends As I mentioned in the previous chart, BTC could reverse from here BTC jumped to 21ma which can only come once for 21ma retest and BTC retest confirms complete thanks As I mentioned, BTC has bounced from here and it has pumped altcoins in USD pair as well. 😊😊😊 And BTC may go up to $45600 right now This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello friends As I mentioned in the previous chart, BTC may reverse from here BTC has bounced to 21ma which can only come once for 21ma retest and BTC retest confirms Done thanks As I mentioned, btc has bounced from here and it has pumped altcoins in USD pair as well.😊😊😊 I think today btc may drop below $40300 and btc will bounce BTC 1st target should be $42400, 2nd target $43500, 3rd target $44400 and 4th target $45650 And altcoin can be pump on USDT peer. and btc/usdt long entry $40300 and $40800 Target:- 1st :-$42400 2nd:-$43500 3rd:-$44400 4th:-$56500 stop loss:-$39650 This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
Long
by CryptoSanders9563
BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello friends As I mentioned in the previous chart, BTC may reverse from here BTC has bounced to 21ma which can only come once for 21ma retest and BTC retest confirms Done thanks As I mentioned, btc has bounced from here and it has pumped altcoins in USD pair as well.😊😊😊 I think today btc may drop below $40800 and btc will bounce BTC's 1st target should be $42400, 2nd target $43500, 3rd target $44400, and 4th target $45650.And altcoin can be pumped on USDT peer. This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
2
BTC - 7 Day forecast - What to expect?Hey everyone. I've been wanting to make another GOOD chart for you guys for a while now. Lately I've been so busy working and just too tired to go all out and publish charts as frequently as I would like. I've been trying to at least post quick market updates and important levels to watch via Twitter to hold you over. Anyways, hopefully everyone is well and getting one step ahead of the market! IT'S VERY HARD to do. I get so upset sometimes seeing people on YouTube posting elementary level analysis and they have thousands of gullible followers getting liquidated over and over. I get it, if they're that gullible and want to watch YouTube videos thinking they've found the key to financial freedom well then lets just say they have A HARD LESSON to learn up ahead. I always advise anyone and everyone to learn about cryptocurrency. Yes it takes quite a while to just TRULY UNDERSTAND it and compare it to todays financial systems but it's worth every single second. In other charts I've mentioned that understanding the fundamentals will really give you an edge in the markets especially in times when a reversal may be likely coming. In those rare moments, the fundamentals out-weigh the technical analysis. Those are the moments where the technical analysis looks very bearish and may be showing further downside potential BUT bulls step in and say "enough is enough!" "I personally value this coin (BTC, ETH, ADA, DOGE, SHIB, ect...) more than its current price." YOU NEED to completely understand the technology and potential it has in order to put a price tag on it. What is it worth to you? Without looking at a chart at all, WHAT are you willing to pay for a certain crypto/stock/gold/house? I encourage anyone and everyone to dive in. You'll just end up going deeper and deeper down the rabbit hole exploring and learning. PERSONALLY, I ENJOY IT! I also have a strong passion for helping people. I honestly am seeking a job in the cryptocurrency field. Whether it's as a journalist writing articles, a crypto market analyst, or even helping companies by creating a system for their business to accept cryptocurrency as a payment, I LOVE EVERY BIT OF IT! Mark Twain said "Find a job you enjoy doing, and you will never have to work a day in your life". I find this quote to be very true. Well, that's enough for the long introduction. Lets go over the chart below. As you can see, bulls have been struggling to get above this resistance area (the 0.5-0.618 fibonacci retracement level from the 43.5K drop) Take note of the RSI and the fact that It's not yet in the "overbought" area. This suggests that bulls CAN still push above the resistance before a pull back. Personally, I don't think that is the most likely scenario though, although it remains in the cards as a POSSIBILITY. To the left you'll see a "fibonacci key" which basically shows you how I identified BTC's current support levels. If BTC does pull back, we would look for support at these levels. The higher the better! Most recently, BTC bounced off of the 0.618 level where the potential "left shoulder" is marked. This is generally a good thing. ( the 0.786 is the best level {not shown}, the 0.5 is OK, and the 0.382 is basically the last support for an upside continuation). Looking at these levels, we can see that BTC has plenty of room to pull back while still being able to continue the overall upwards move. The yellow line is an idea I think could play out and It would likely give bulls the strength needed to get above the resistance area, and hopefully turn it into support. If this Idea does start playing out, It would potentially create a "head" to go along with the "left shoulder". After that, the potential Inverse H&S will become more obvious to a lot of traders and I'd say there's a better chance of it playing out completely at that point. It's very common to see an inverse head and shoulders pattern near a bottom/trend-reversal area and that is why I'm looking for one as I think in one way or another, it's very likely. If BTC does manage to create a VALID Inverse H&S pattern, I think it would very likely get us above the resistance! This is the path I prefer If BTC does pull back and somewhere along the way drops below the 0.5 fibonacci support level, then bulls will be in a bit of trouble. A quick-wick down is ok but any type of lasting move downwards below the 0.5 support level would be a sign of weakness. There is still the 0.382 support level technically but usually if BTC bounces off the 0.382, it's very short-lived and gets back above the 0.5 rather quickly. the 0.382 is good for a quick wick but not for long lasting support. The red line shows a situation like this playing out where BTC drops below the 0.5, tries to bounce back above it once or twice but overall bulls would be very weak here and this would suggest that BTC will head down to the previous low near 33K to retest the area! If bulls do manage to bounce at the same level as the previous low, it would create a double bottom. A double bottom is a very good pattern to trade and usually signals at least a temporary bottom for a relief rally, OR POTENTIALLY a macro bottom where bulls take over and a macro trend reversal takes place. That situation would likely lead to new all-time-highs or at least a test of the previous all-time-high. To confirm a major trend reversal, first BTC must break above the resistance area and create a "higher-high". Then when BTC pulls back we need to see the previous resistance turned into new support. This would create a "higher-low" to go along with the "higher-high", confirming at least a temporary trend reversal. This chart shows what I BELIEVE is the more likely set of scenarios that could likely end up playing out over time. (the next week or two) There ARE OTHER possibilities though that you should be aware of. Instead of an inverse head & shoulders bottom, We could see a "bump-and-run" type situation play out. This would be my 2nd pick for the most likely situation to play out. A bump-and-run would likely require BTC to make a lower-low, probably even below 30K! A bump-and-run starts with a very sharp drop followed by a big bounce. The bottom does not get retested and there are no major pullbacks but instead, price climbs up higher and higher, eventually passing the area of the original drop. If you'd like to see an example, look at the "COVID dump" from March 2020 to middle of MAY 2020. In previous BTC charts I've published, (I'll leave links to them below) you can see that I've been showing the possibility for BTC to drop down to the 20K area. AS OF RIGHT NOW, I don't believe those situations are as likely HOWEVER I CAN NOT rule them out completely. I feel that this is a good area for at least a temporary bottom as BTC hit the downside targets shown in my "wolf waves" analysis. (link below) I've also had my eyes set on the 34.5K area for months now as my loyal followers know. I APPRECIATE ALL OF YOU GUYS! A major news story can absolutely turn the tides either way. An extremely bullish news story could potentially blast BTC back up to 60K in a matter of days! The opposite is also true where an extremely negative news story could cause BTC to drop to 20K or even below 20K in a matter of days! THIS IS WHY STOP-LOSS ORDERS ARE EXTREMELY IMPORTANT. I can never say that enough... STOP LOSS ORDERS ARE EXTREMELY IMPORTANT! Well, that'll be it for this analysis. I hope you guys like it or at least find it interesting. I do it for you guys, and everyone/anyone who's willing to look and read a bit. It's what I enjoy doing and I honestly have put in countless hours, days, months of research to learn many of the things I share with you guys. Honestly, I wish I had more free time to make even more but eventually we'll get there! If you enjoyed this PLEASE LIKE, FOLLOW, and SHARE. I want to help more people if I can so sharing is VERY APPRECIATED. I really do appreciate everything including COMMENTS. Please feel free to COMMENT. Sometimes I may not be able to respond right away but I always do update my charts (especially in relevant situations where the market can potentially shift) so be sure to check for updates I've posted ***THIS IS NOT FINANCIAL ADVICE! This is an just an idea and speculation based off of my experience researching cryptocurrencies. I Always recommend doing your own research before trading or investing in anything.***
BITSTAMP:BTCUSD
by Mboersma0324
BTCUSD: Feb 3 update & Feb 4th + 5th ProjectionI am an amateur technical analyst. This is not financial advice. You should always do your own research. Consider this post as entertainment. I'm simply sharing what I see in the charts and always welcome collaboration and feedback. Updating my previous post of Feb 3rd. BTCUSD stayed within the fractal and yesterday went the full depth of the fractal bar. So far, the fractal remains intact as the market continues to work within the pattern of the May '21 fractal. Based on the fractal pattern, today and tomorrow should be up days. There's a possibility that we reach as high as 41,250, which is the upper trend line above the pattern, and would be slightly above tomorrow's daily bar. After tomorrow, the pattern indicates a gradual decline until Feb 21st. Feb 21st then offers the opportunity for a reversal and potentially the launch pad for ALT season.
BITSTAMP:BTCUSD
by CryptoWarrior9869
BTC/USDT 2HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello friends As I mentioned in the previous chart, BTC may reverse from here BTC has bounced to 21ma which can only come once for 21ma retest and BTC retest confirms Done thanks As I mentioned, btc has bounced from here and it has pumped altcoins in USD pair as well.😊😊😊 This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
Bitcoin Bull TrapLooking at this 4hr chart it looks to me like BTC is forming a bearish Cypher harmonic pattern. My whiskers (and the chart) are telling me that we will likely push up towards $41,500 and then break down. For me, this creates a bull trap scenario. I think retail traders could ape in as we get closer to $40,000 and then that will create the liquidity that the whales are looking for to dump some more. When the down trend continues I think we will move to around $34,500. If we lose this level then we could be seeing a larger bull trap play out as the giant bull flag breaks down. Further downside targets would be around $29,700 then $20,200. If these levels break I will have limit buys set between $14,000 and $15,000. On the upside we could see the Cypher roll over and turn into a bearish Shark. This would put the D up around $47,400, which is also close to the 1.618 ext. of the XA leg of the bullish Crab harmonic that has completed. The upside targets are the X, B, C, A points (of the Crab) and then the 1.618 XA at $47,483.08. For me, we need to get above $47,500 to invalidate the bearish trend and continue the bull trend. Even then, we will need to push above about $50,400 to get back into the blue ascending channel. If that happens I will be howling for the moon! What do you think is next? Owhooooo!
BITSTAMP:BTCUSD
by Akamer-the-Werewolf
BTC/USDT 2HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello friends As I mentioned in the previous chart, BTC may reverse from here BTC has bounced to 21ma which can only come once for 21ma retest and BTC retest confirms Done thanks This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
2
BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC /USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello friends As I mentioned in a previous chat BTC may bounce from here BTC has bounced 21ma which can come only once for a 21ma retest and BTC got dumped at k of the bearish moment and now I think BTC will bounce from yah 36500 or break 36500 bit so We can see 34200k yes 33300k at once. This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
by CryptoSanders9563
2
BTC: May '21 Fractal Tracks to Current BTC Price ActionFirst, know that I am an amateur technical analyst. This is not financial advice. You should always do your own research. Consider this post as entertainment. I'm simply sharing what I see in the charts and always welcome collaboration and feedback. Following up on my Jan 22nd post. We completed the short formed "M" pattern. We did not hit the absolute low, but we did reach the all important target zone below the 2.702 fib. Coming out of the M pattern, we now look to be forming a 'W" pattern which is bullish, as well as potentially an Inverse Head & Shoulders pattern on the local .236 fib, which will provide the market the push it needs to get up to the .702 fib. Again, don't trade on this analysis. I'm just sharing the world as I see it today.
BITSTAMP:BTCUSD
by CryptoWarrior9869
BTC/USDT 4HOUR UPDATE BY CRYPTOSANDERSWelcome to this quick BTC/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Hello friends As I mentioned in a previous chat BTC may bounce from here BTC has bounced 21ma, which can come only once for 21ma retest, and go to 41k btc I am still bullish on BTC. Thanks to all of you. This is not a piece of financial advice. Sorry for my English it is not my native language. Do hit the like button if you like it and share your charts in the comments section. thank you.
Long
by CryptoSanders9563
BTC Bullish Triangle Breakout!Doing a little update from yesterdays TA and ill keep this one a little shorter! We have successfully broken out of the bullish triangle we talked about, keep in mind there is always the chance that we reenter this pattern before the real breakout happens, but either way we are looking strong, we have been steady rising for over a week now and we have taken out some important levels on the way like the 0.7 FIB and the top of this triangle, now we are looking at holding above here and our next goal is going to be reclaiming our midline on the bollinger bands, we need to get into the upper half as the midline will then be support and we have the opportunity to make a run for that top band! After the midline on the BB's we are looking at an absolute key level that is.. the pivot point sitting around 39.8K, reclaiming this level will definitely add a ton of bullish momentum, not only is just the current pivot point but is just below 40K and as we all know that is a must reclaim zone at some point sooner than later. The Wavetrend is looking good aswell we are rising still and not showing virtually any signs of slowing up just yet, we had a strong rebound coming out of the buy zone and we are about halfway to that midline, of course a run above this midline would be very ideal but in this wave i don't know if thats going to be the case, none the less if we do see a little drawdown it wouldn't be unhealthy to do so, we will likely catch some support on the way down before hopefully making our way back up and going for that midline and beyond! Not financial advice just my opinion!
BITFINEX:BTCUSD
by JacobR905
2
BTC - 2/1/2022Sort of a continuation on the last BTC idea I posted. Based on the channel BTC looks like it's in, I think shortly we'll see a drop in price. Idea for current supports and resistances of BTC . As of right now, btc seems bearish and I feel is likely to test support levels at 35.5k to 34k. I do feel like this downward trend will be short-lived, but depending on how much selling activity happens on the way down, we may very well see a test of support at 29k , but is unlikely. These are just ideas, not FA. Do research for yourself and don't just take my word for it. Happy trading and good luck!
COINBASE:BTCUSDShort
by O_Positive